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FHI Federated Hermes

Federated Hermes, Inc. engages in the provision of investment management products and related financial services. It sponsors, markets and provides investment-related services to sponsored investment companies, Federated Funds, and Separate Accounts which include separately managed accounts (SMAs), institutional accounts, sub-advised funds and other managed products in both domestic and international markets. The company was founded by John F. Donahue and Richard B. Fisher in October 1955 and is headquartered in Pittsburgh, PA.

Company profile

Ticker
FHI
Exchange
CEO
J. Christopher Donahue
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
FEDERATED INVESTORS INC /PA/
SEC CIK
IRS number
251111467
SEC advisor number
801-78591
FINRA CRD number
169087
AUM ?
$19.96B (as of 25 Jun 20)
Accounts
10 (as of 25 Jun 20)
Employees
16 (10 investment advisory or research)
Address
Federated Hermes
1001 LIBERTY AVENUE
PITTSBURGH
PA 15222
Phone
4122881900

FHI stock data

(
)

Investment data

Data from SEC filings
Top 50 of 2220 long holdings
End of quarter 31 Dec 20
Value
 
#Shares
 
$1.07B 9.78M
$682.98M 2.93M
$592.55M 4.28M
$582.15M 7.03M
$575.61M 176.73K
$575.29M 2.59M
$555.81M 5.19M
$555.55M 9.46M
$521.35M 18.13M
$494.27M 3.72M
$461.39M 5.46M
$451.81M 12.27M
$436.96M 4.77M
$398.99M 6.5M
$384.14M 1.41M
$380.34M 4.65M
$358.07M 8.69M
$351.76M 639.06K
$350.65M 6.02M
$348.97M 199.11K
$343.25M 7.67M
$335.31M 296.23K
$333.98M 2.25M
$313.83M 2.11M
$299.42M 2.36M
$296.45M 3.94M
$274.36M 3.94M
$269.63M 1.86M
$269.44M 1.99M
$268.11M 1.23M
$265.16M 7.72M
$256.18M 277.17K
$255M 2.03M
$252.8M 1.54M
$243.31M 4.14M
$241.2M 8.55M
$226.44M 3.98M
$222.82M 4.16M
$222.47M 2.53M
$222.03M 3.58M
$215.39M 936.82K
$214.53M 580.24K
$213.44M 2.44M
$213.13M 957.77K
$208.68M 283.95K
$206.74M 12.6M
$200.02M 1.83M
$197.9M 568.63K
$196.95M 3.59M
$196.23M 1.46M
Holdings list only includes long positions. Only includes long positions.

Calendar

26 Feb 21
17 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 308.64M 308.64M 308.64M 308.64M 308.64M 308.64M
Cash burn (monthly) 6.87M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 24.44M n/a n/a n/a n/a n/a
Cash remaining 284.19M n/a n/a n/a n/a n/a
Runway (months of cash) 41.4 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
22 Mar 21 Ceresino Gordon J Class B Common Stock Gift Aquire G Yes No 0 13,584 0 49,959
22 Mar 21 Ceresino Gordon J Class B Common Stock Gift Dispose G No No 0 13,584 0 187,031
12 Mar 21 Dolores D Dudiak Class B Common Stock Grant Aquire A No No 0 5,000 0 67,997
11 Mar 21 Donahue Thomas R Class B Common Stock Gift Dispose G No No 0 15,200 0 741,457
11 Mar 21 Ceresino Gordon J Class B Common Stock Sell Dispose S Yes No 30.9851 43,000 1.33M 36,375
8 Mar 21 Ceresino Gordon J Class B Common Stock Sell Dispose S No No 30.1182 8,782 264.5K 200,615

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

79.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 291 274 +6.2%
Opened positions 47 34 +38.2%
Closed positions 30 31 -3.2%
Increased positions 78 92 -15.2%
Reduced positions 122 112 +8.9%
13F shares
Current Prev Q Change
Total value 2.28B 1.69B +34.8%
Total shares 78.47M 78.7M -0.3%
Total puts 38.5K 34.9K +10.3%
Total calls 128.5K 274K -53.1%
Total put/call ratio 0.3 0.1 +135.2%
Largest owners
Shares Value Change
BLK Blackrock 12.41M $358.65M +0.4%
Vanguard 8.97M $259.28M +1.3%
Schneider Downs Wealth Management Advisors 5.12M $148M -13.1%
GWL Great West Life Assurance 3.42M $98.74M -24.6%
STT State Street 3.01M $86.88M -1.5%
Dimensional Fund Advisors 2.71M $78.22M -2.8%
BK Bank Of New York Mellon 2.25M $64.9M +2.7%
Fuller & Thaler Asset Management 2.13M $61.65M +68.1%
Burgundy Asset Management 2.1M $60.69M +92.8%
PRU Prudential Financial 1.96M $56.6M +27.7%
Largest transactions
Shares Bought/sold Change
Citadel Advisors 246.04K -1.38M -84.9%
Norges Bank 1.34M +1.34M NEW
GWL Great West Life Assurance 3.42M -1.12M -24.6%
Burgundy Asset Management 2.1M +1.01M +92.8%
Fuller & Thaler Asset Management 2.13M +864.86K +68.1%
Schneider Downs Wealth Management Advisors 5.12M -769.21K -13.1%
Schroder Investment Management 715.94K -756.56K -51.4%
Aqr Capital Management 1.12M -542.87K -32.7%
Balyasny Asset Management 502.47K +502.47K NEW
Point72 Asset Management 433.79K +433.79K NEW

Financial report summary

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Management Discussion
  • For an explanation of changes for 2019 as compared to 2018, see Federated Hermes' Annual Report on Form 10-K for the year ended December 31, 2019, Item 7 Management's Discussion and Analysis of Financial Condition and Results of Operations under the caption Results of Operations.
  • Revenue. Revenue increased $121.4 million in 2020 as compared to 2019 primarily due to (1) an increase in money market revenue of $41.5 million primarily due to higher average money market assets (includes a decrease in revenue related to $113.0 million in Voluntary Yield-related Fee Waivers) (see Business Developments - Low Short-Term Interest Rates for additional information, including the impact to expense and the net pre-tax impact), (2) an increase in alternative/private market revenue of $33.0 million primarily due to the revenue of a previously nonconsolidated entity being recorded in operating revenue beginning in March 2020, (3) an increase in equity revenue of $18.6 million due to a change in the mix of average assets, (4) an increase in fixed-income revenue of $16.8 million due to higher average assets and (5) an increase in performance fees of $15.6 million.
  • Federated Hermes' ratio of revenue to average managed assets for 2020 was 0.23% as compared to 0.26% for 2019. The decrease in the rate was primarily due to the reduction of revenue from Voluntary Yield-related Fee Waivers and the result of a lower proportion of revenue earned on average equity assets during 2020 as compared to 2019.
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